Akshar Spintex Ltd

Parshotam L. Vasoya — Independent Director

• Parshotam L. Vasoya, Independent Director; term completed; effective 22 Aug 2026; board to identify replacement to maintain composition

Cessation of Independent Director

• Parshotam L. Vasoya, Independent Director, ceased upon completion of term; effective 22 Aug 2026; replacement process to follow.

Financial highlights

• Total expenses for the quarter ended 30 Jun 2026: Rs 2,946.51 Lakhs.
• PBT Rs 104.12 Lakhs; PAT Rs 59.80 Lakhs.
• Other income for the quarter: Rs 2,993.31 Lakhs.
• Earnings per share: Basic Rs 0.01; Diluted Rs (0.005).
• One-segment operation: Spinning of Cotton Yarn; segment reporting not applicable.
• Auditors conducted a limited review; unpaid professional tax noted; inventories not inspected.
• Rights issue funds raised: Rs 4,874.81 Lakhs; deviation in use: No.
• Utilization: Rs 320.00 Lakhs for loan repayment.
• Utilization: Rs 1,193.16 Lakhs for corporate expenses.
• Issue-related expenses utilized Rs 16.30 Lakhs; Rs 18.70 transferred to GCB.
• Unutilized funds: Rs 25.40 Lakhs; Rs 19.18 Lakhs.
• Loans outstanding: Rs 306.03 Lakhs; default: 0.
• Total financial indebtedness: Rs 306.03 Lakhs.

Board outcome and financial results

• Board approved unaudited standalone results for quarter ended 30 June 2026 with limited review.
• Results prepared under Ind AS 34; audit committee approved.
• Rights issue raised Rs 4,874.81 lakhs on 07 Oct 2024; no deviation in use.
• Utilized funds for repayment of long-term unsecured loan and general corporate purposes; unutilized balances noted.
• Outstanding borrowings total ₹306.03 lakhs; no default; total indebtedness ₹306.03 lakhs.
• Auditor noted non-payment of professional tax; inventories were not physically inspected.

Financial results

• Unaudited standalone Q1 FY2026 results approved; quarter ended 30 June 2026; Audit Committee reviewed; limited review.

Auditor remarks and compliance

• Statutory dues (professional tax) unpaid during the period.
• Inventory inspection not carried out during the period; limited procedures.
• Right-issue funds: No deviation in use of Rs 4,874.81 lakhs raised on 07.10.2024.
• Audit Committee comments: No comments.

Debt and liquidity disclosures

• Total financial indebtedness: 306.03 lakhs; no defaults.

Financial results

• Approved unaudited standalone financial results for quarter ended 30 June 2026, along with Limited Review Report.

Meeting Details

• Date: 7 August 2026; Venue: Registered office, Revenue Survey No.102/2 Paiki, Haripar, Kalavad, Jamnagar, Gujarat.

Key Agenda Items

• Consider and approve unaudited standalone financial results for quarter ended 30 June 2026 with limited review report.
• Any other business with permission of the Chair, if any.

Demat/remat status

• Regulation 74(5) not applicable; entire holding in demat form.
• No dematerialisation/rematerialisation requests were received during quarter ended 30 June 2026.